News, Announcements and Alerts - Bill C -12 Receives Royal Accent

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Bill C -12 Receives Royal Accent

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Topic: Bill C -12 Receives Royal Accent

Posted By: yugioh
Subject: Bill C -12 Receives Royal Accent
Date Posted: 14/December/2007 at 3:01pm

Good news!!!! fellow CSL debtors. Bill C -12 finally was passed today and received Royal Accent by GG in the Senate. My question is how long to I have to wait before filing bankruptcy. My end of period study date is April 1999 and if I read between the lines correctly the amendements contained in C - 12 is to reduce the 10 year period in 146(1)(g) to seven years. Any thoughts when I should file my assignment.

Replies:

Posted By: SolveStudentDebt
Date Posted: 15/December/2007 at 3:16am

If you are clearly unable to pay anthing toward your student loan(s), and can demonstrate that you will not ever be able to repay the loan, go visit a trustee and tell them your story. Just make sure that you get something tangible that states you will be discharged (absolute). Remember, the Canada student loans program can oppose, and they they usually do. There s no such thng as a guarantee on a discharge with student loans.

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Solve Student Debt specializes in solutions for students and graduates in student loan default, and those at risk of defaulting.

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Posted By: REMwoman
Date Posted: 15/December/2007 at 10:29pm

What effect does this have on events in the past--I would expect pretty much none. That's the usual thing.

BTW, I have sent you mail, but as I don't yet have documentation in my hands (my daughter sent it, but the Xmas post is slow). I don't want those people at ARC doing something impetuous in the meantime. I am uneasy as I have not had another call from them--odd behaviour for those kind of people.

I have to say it would be *wonderful* if this legislation was of any benefit to my case.